The Debt Management Office (DMO), on behalf of the Federal Government, has announced an offer of three FGN bonds valued at N1.1 trillion for subscription at N1,000 per unit.
According to a statement by the DMO on Thursday in Abuja the first offer is January 2035 FGN Bond valued at N250 billion (10-year re-opening), at interest rate of 22.60 per cent per annum.
The second offer is an April 2037 FGN bond valued at N100 billion (20-year re-opening), at interest rate 16.2499 per cent per annum.
The Federal Government also re-opened a June 2038 FGN bond valued at N750billion (15-year re-opening), at interest rate of 15.45 per cent per annum.
“Auction date is Aug. 17, and the settlement date is Aug. 19.
